Reference functions and balanced concessions in bargaining

Anbarci, Nejat 1995, Reference functions and balanced concessions in bargaining, Canadian journal of economics, vol. 28, no. 3, pp. 675-682.

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Title Reference functions and balanced concessions in bargaining
Author(s) Anbarci, Nejat
Journal name Canadian journal of economics
Volume number 28
Issue number 3
Start page 675
End page 682
Publisher Wiley-Blackwell
Place of publication Malden, Ma.
Publication date 1995-08
ISSN 0008-4085
1540-5982
Summary In bargaining, agents expect their concessions to be reciprocated. Using the 'reference function' concept of Thomson (1981), this paper constructs a class of solutions the outcomes of which lead to balanced concessions by agents as prescribed by the reference function adopted. The Kalai/Smorodinsky solution arises as a special case. Another solution in this class, which depends on the entire feasible set, is generated by using the centre of gravity as the reference function.
Language eng
Field of Research 140103 Mathematical Economics
HERDC Research category C1.1 Refereed article in a scholarly journal
Persistent URL http://hdl.handle.net/10536/DRO/DU:30024350

Document type: Journal Article
Collection: School of Accounting, Economics and Finance
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